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? result ber ross doesn't -- wilbur ross doesn't that the rich are a target. no matter where you are in that spectrum, so are you. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. >> we should be raising taxes on the wealthiest few. >> our plan b would protect american taxpayers who make a million dollars or less. >> all we heard from them is they don't want to tax the rich. >> there are a lot of people who make above 250 who are not rich. >> let the expire like they are sun owessed to. neil: the rich are getting a lot of attention from politicians, billionaire wilbur roth, i gue
in the spirit at the christmas concert with diana ross and koenen o'brien and they got to meet some of the former patients who dressed up as santa's little helper elves. >> release the elves. hey, elf, what's your name. >> olivia. >> everybody look up and say cheese. >> cheese. >> cheese. >> say merry christmas. >> merry christmas. >> ho, ho, ho. >> ho, ho, ho. >> he does a good santa. and that's your morning dish of scrambled politics. and now for a look at your national weather, let's turn to nbc meteorologist bill karins, he has your weather forecast. incredibly cute. did you see the kid up front. >> try saying broccoli next time somebody takes a picture. that's a lot of fun. >> you have way too much time on your hands. >> well, good morning, everyone. the snow pack continues across the northern half of the country. we watched this stack last week for this time of year. only 7% of the country had snow. the northern plains were snow-free, new england, the great lakes. well, we had this big snowstorm go through the plains and the rockies. the snow plains go down the border, omaha,
on an up or down vote, without having a majority of the majority. >> and ross, this is what speaker boehner said he wants to push off to the senate. but nothing we saw today can answer the big question. could house republicans now be ready to accept a compromise even if they don't like what is in it? >> i think a lot depends on what the democrats are willing to give at this point. and the democrats sort of have an interesting dilemma where it is sort of the bird in the hand issue, right? i think if you do have something come out of the senate where the tax threshhold goes up to $400,000, rather than 250,000, where there is some concession to democrats and republicans, i think there would be a lot of pressure on boehner to bring it to a vote and to have it pass again. it probably wouldn't pass with the majority of the majority. it would end up passing with a chunk of republicans, and a lot of democrats. but if the democrats just want to push things and say no, it is 250,000, i mean, that might not get out of the senate. and if it gets out of the senate i don't think it gets to the house. >>
on the fiscal cliff. >> time for the global markets report. ross westgate standing by london. and then i say kelly. is that -- >> it's me. i'm here. we're flip-flopping kelly and i. >> we were ready no anything there. i introduced you, but then i tossed to kelly. so that's the way we'll keep it from now on. >> consummate professional. hedging your options. advancers barely outpacing decliners. very slim gains on the equity markets. but it is worth pointing out ft ftse 100 up nine out of the last ten sessions. ftse flat now. xetra dax up a quarter. cac 40 up around two thirds. ibex up half of 1% as well. spain have officially applied for bailout money. it is keeping yields well contained at the moment. 5.25%. a long way below that 6% level. italian yields also very well contained. lower today 4.41%. and the betting now is can spain keep from having to go for an official omt bailout to beyond the german elections which is scheduled september to october next year. so that's the game we play despite they have will have i issuance in 2013. gilt yields, chancellor statement coming out tomorrow. co
. beautiful pictures of clouds around the bay east from sutro to mount diablo, fort ross, jenner, sea ranch to windsor where we are having waves of light rain now where they are going to stay during the daylight hours low to mid 50s right no [ female announcer ] martinelli's gold medal sparkling cider is the perfect choice for holiday gatherings. martinelli's is non-alcoholic, festive like champagne, and tastes great! martinelli's: since 1868. featured now at sizzler. tri tip sirloin with fried shrimp, malibu chicken, or grilled shrimp. starting at just $9.99. sizzler. >>> watch this video closely. routine traffic stop, turned into a dramatic rescue. look at that. a young man kidnapped, put into the trunk of his own car. the police were finally able to track him down. we're going to tell you how. >> he just kind of hopped out. that's the most amazing thing. >> just incredible. elizabeth vargas here. hi to robin at home recovering today. >>> we're also going to have the latest twist in that lottery murder trial in florida. the defendant has an escort after the jury felt threatened outside of
target such small children? abc's chief investigative reporter brian ross has been tracking that part of the story since the beginning. what have you learned? >> reporter: good morning, elizabeth. authorities say they expect more progress today as they figure out the how and the why of what happened. but even veteran detectives and agents are having a hard time at the scene. he had a huge quantity of bullets left for his high-powered weapons. >> all weapons have multiple magazines and additional ammunition. >> reporter: as to his motive, officials tell abc news that computers removed from the home over the weekend provide important clues to his twisted thinking. it was here he killed his first victim, his mother, 52-year-old nancy lanza, who friends said had become more and more concerned about adam's issues over the last few months. >> it was harder for her as time went on, as he was getting through school. >> reporter: adam's parents were divorced three years ago. his mother was left to deal with him alone, according to her friends. >> she took care of him the best she could. >> rep
, not stellar holiday shopping season and let's bring in carol ross, former investment banker, knows a thing or two about shopping and investment petailers, i'm saying, i'm tired of the excuses. i'm tired of hearing, oh, it's sandy or it's that or that and there's always an excuse when the economy starts to weaken, i just any the economy is weakening. what do you say? >> well, i agree, i mean, obviously, people have less money, they haven't been working and they're underemployed, but i do think that this is the big piece, stuart, this is pessimism. because you have to remember, even in the face of no money and no job, which has been going on for a while. consumer credit capacity actually has been increasing and consumers have been deleveraging and their home values have been going and theoretically they have more credit capacity, the fact that they're not using that capacity says to me, they're not optimistic about the future. >> i can see that this fiscal cliff thing is a problem. because nobody knows what's going to happen. you have no certainty for next year, so, i can see the fiscal clif
quick along with joe kernen and andrew ross sorkin. let's take a look at our lineup today. first off, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out
ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the ma
in august for 138% gain. as sold ross stores in september for 149% gain. i have moved on into other sectors. i think knowing when to sell a stock is about as important as what to buy and when to buy it. when the sentiment turns on a sector, like it has on these gunstocks, it reminds me of the tobacco industry about ten or 15 years ago. i remember when philip morris went down to nine tomentum dollars per share. sentiment is a big part of investing in the market, and you don't want to be on the wrong end. liz: absolutely. would you say right now it's very much a wrong and then do these names ever recover from something as terrific as this? >> i think it will be of long time. no one knows where this will lead. i think a lot of the sporting goods stores will step away from the gunstocks. who knows. maybe they go after the gunmaker's reliability. maybe the restrictions did a lot tighter on buying guns. i don't think you can stop the kind of violence that we saw by limiting guns. i mean, what is to prevent a guy from strapping a bomb on to himself and walking into something very similar. but in t
" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax in 2013. rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over
's probably wrong. >> poor ross. >>> all right. power players coming up. >> no 13th month? >> in the world of investing. carlisle's david rubenstein, steve shoresman blackstone, venture capital's marc andreesson, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an ex
on the street" countdown to christmas continues. ho, ho, ho. ♪ >> andrew ross sorkin is bringing lloyd blankfein on stage. let's take a look. here's goldman sachs ceo lloyd blankfein. >> a number of people have touched on the fiscal cliff, and i wanted to start with that, but in a different way with you this morning, in that you have been active in washington over the past couple of weeks and all this. you've been on the phone with the white house. i've read reports that you were on the phone with the white house earlier this week. just if you could, take us behind the scenes. what goes on on these conference calls with the business community? sort of what do you see actually happening right now? >> i don't want to oversell this. i was on a couple of conference calls that the white house had with myself and other people who participated in meetings at the white house. i think the white house is trying to -- and frankly, they're doing a good job of marketing their position on this and being -- and trying to be open and transparent, responding to questions. not every question that we ask. not ever
and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying where they are right now, which is close to zero, of course. until at the very least the jobless rate falls to 6.5%. we can only cross our fingers wherefore when that might be. ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. the central bank ramped up its asset purchase program adding $40 billion to its $40 billion a month purchases of mortgage-backed bonds. he spoke about the objectives during wednesday's news conference. >> the asset purchases and the rate increases have different objectives. the asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. and the increases in the federal
on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. andrew, welcome back. i hope you're feeling better. >> thank you. i had a little bit of a stomach bug. >> we're all a little sick around the table here. >> i know. it's a little -- i feel like weak, you know when your bones feel a little something? you had that, joe, two weeks ago, right? >> exactly what you had. you didn't -- you remember -- i remember bridesmaids, right? i'm not sure what all that came out of. i had both going. you didn't have both going? you are the just -- you were hurling. >> i was, i was. in the middle of the night. i had to send an e-mail to the producers. >> it's very weird. it's not even a 24-hour thing. >> no, i will say it was going by when the show was still going on. >> we have a pro gun advocate on. >> you didn't throw up when -- okay. >> by the way, a viewer has offered to take me shooting in new jersey at a shooting club. >> i saw a lot of stuff. >> i'm taking him up on it. but we have news to get him up to. >> some people hold that second amendment thing, they actually think it means
and andrew ross sorkin. we are one step closer to the cliff and still no deal. you could say we've taken a huge step backwards at this point. we will be joined to talk about why plan b, that bill didn't make it to the house and what the next step is. coming at 6:40 eastern time, red hat has been red hot. that company reporting quarterly results and we have the ceo. at 7:00 a.m. eastern time, we will welcome our guest host, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demons
on facebook. on the technical side, richard ross is with me. on the fundamental story, zachary carabell. gentlemen, good to see you. zach, do you think being added to the nasdaq 100 helps facebook's stock? >> no, it's a good one-day story. it helps for liquidity, but this is not a name with hundreds of millions of shares in circulation that needs liquidity help. it's a nice thing to talk about, but not help for the stock. >> what do you think, rich? >> we love the chart. look, there's a thin line between love and hate in this business. we hated it at 33. we love it here at 28. we bring up the chart, i'll tell you how we get there. we've taken out the down trend that's been in place since the failed ipo you alluded to. we now have a four-month base of support. we say the bigger the base, the bigger the support. we see upside to 33 on facebook. we're a big buyer. >> zachary, what do you say about that? >> you know, obviously the name has been working. it's down hugely from its ipo price. momentum, as any trader will say, and i'm not speaking with that hat, can be your friend, but it can a
ross and on the fundamental side it's steve cortes with veracruz. rich, look at the charts. which of these do you prefer, or do you prefer them right now. >> well, bill, the case of the biggest loser here, but overwhelmingly i prefer groupon. stock became public a year ago in facebook style. lost 90% of its value in just 12 months. had a nice bounce here. we've taken out the downtrend from the february high and taken out 509-day moving average. you see that key resistance, that key level at 550. i think we're going to take that out. we have a v-shaped reversal. a lot of momentum. we see projected upside to the 200 day, 8.40, 8.50, a very nice upside. we'd be a big buyer of groupon. j.c. penney, stay away from j.c. penney. the stock has been disappointing investors for over five years. down 87% from the 2007 high around $90. gotten a little bit of a bounce. you want to fade that bounce. don't trade that bounce. >> okay. >> you can sell your shares to steve because you want to buy them, right? >> i'm on the exact other side of this. bill, would i say trying to choose between these t
. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoman roth layton, it's so good to see you. >> thank you, laura. >> laura: beaten up in congress. approval rating is down. but now we see congress actually gets rules with the help of the factor of course and all of fox news. go ahead. tell us what happened. how did this all go down? >> well, absolutely fox news and o'reilly factor you guys saved his layoff. i mean literally, remember that as you said in the top of the program the parents tried to do it it the old fashioned way. john has been rotting in that jail since august. the parents did the right thick. they wanted to go through different channels. they hired lawyer after lawyer after lawyer. they had prayer services going here in our community. and they didn't contact us until just a few weeks ago. as soon as they contacted us. boy constituent service is what i live for. we pounced on this story and thanks to you guys at fox, you were able to save his life. and who knew h
iliana ross. >> bill: your congresswoman? >> right. and marco rubio and bill nelson has also been very outspoken about johnny's plight. >> bill: okay. but you haven't heard from hillary clinton, secretary of state, or president obama as we just heard, president's spokesman doesn't know anything about it. does that discourage you? >> it sort of is shocking at this point. >> it's more discouraging the feedback we get from the actual state department. >> bill: they say they told us they visited your son four times and they're monitoring his case. but they haven't come out and asked for his release and secretary of state clinton hasn't said anything. >> no. >> they've told us they can't do anything. >> bill: is that right? they can't do anything? >> over and over. >> bill: that's bunch of bull. certainly they can do something. certainly president obama can do something. let's hope that's not necessary. let's hope at the end of the week you get the mexican government does the right thing in the spirit of christmas and the spirit of humanity. we're going to give everybody a little breathing
-- >> comes on the radio and tv, tell him i'd like to talk to him. the head whip, the main guy ross ki roskins? >> he and kevin mccarthy. >> right. we appreciate it. >>> let's bring in our distinguished panel with us throughout the hour. they may be here for days. we'll remain on the air until we get that final vote that mr. schock talked about. here's cnbc contributor keith boykin, former clinton would you do aide and having fun tonight watching the republicans, and we welcome back heather higgins, president and ceo of the independent women's voice. heather higgins is this a good or bad bill, plan b? >> it is the best that boehner can do in an awful situation that he's in, and he's in an awful situation for a variety of reasons. not least of which is poor messaging on the growth message. the average citizen just thinks this is about keeping tax rates low for rich people, and that republicans don't care about the middle class. they don't understand that tax increases are really bad for growth, and what this whole debate ought to be about in terms of entitlement reform and keeping taxes low is
for that is that the number of workers supporting the proportionate number of retirees to ross over time. there simply is not as much money being kicked into a system. stuart: japan has a far bigger debt than any european country and far bigger than the united states. i think that is true as a proportion of the gdp. >> when you add all the debt to gather, the figure is far higher. in fact, it is closer to 500% of gdp. stuart: hold on, let's get back to america. we have a lower birthrate. the loss in american history. but don't we also have mass immigration, which makes up, i think, for a lower birthrate. our population still experience. we are nowhere near the japan issue, really. >> this is the beginning of another step that reinforces the fact that we are headed down the same path. japan has had eight failed fiscal stimulus programs. we have had three or four, depending on how you count them. at what point, do we stop in washington and say we may have a fundamental problem here. the economic crisis does have a direct link to fertility. stuart: last one. i believe that every year on the emperor's bir
. ross isaacs is one of the doctors. >> who are these patients? >> it's the working poor, middle of their lives, most with families, most not substance abusers, and employed without adequate insurance. >> dr. isaacs saw marty tankersley, the man we met in the parking lot who'd driven 200 miles. it turned out that tankersley, a few years back, had two heart attacks and heart surgery but almost no follow-up since. >> so you haven't seen somebody in a while with regards to your ticker and stuff? >> the tankersleys live in dalton, georgia. they fall in the category of the underinsured. marty's a truck driver. he has major medical insurance through his employer, but the deductible is $500, really unaffordable, and the dental insurance costs too much. no one really knows just how many americans are underinsured like the tankersleys. >> he's the lucky one that could drive the 200 miles. he's the lucky one that got to see people today and get hooked in. there are tens of hundreds of thousands of people like him. >> marty, his wife, and daughter were seen for checkups, glasses, mammograms
for all of them. this is ross. he came from a group that we named after the friends tv series. ross was in a shelter near chicago and i was on his last day before euthanasia. only because there are so many animals in the shelter and not enough people to adopt them. and the whole secret is spaying and newtering. >> eric: with the hurricane sandy that came through, are there a lot more rescues that need rescuing? >> there are not a lot of the by shops that needed rescuing. people took them to relatives and friends and things. but what we did see during hurricane sandy is that there are a lot of large dogs that needed help. i mean, you have your pit bulls and your dalmatians and large dogs that people couldn't readily move and take with them that we have rescue groups that are here in this area. i've been reading wonderful work that they've been doing to help those animals. >> gretchen: if somebody is interested in the beautiful dogs that you have here today, or any other dog, where do they go? >> mallpawsrescue.com. we do everything on-line. we are in need of volunteers and foster h
never does, he'll be in good company. legends such as diana ross, the beach boys, the who and queen have never won grammy gold. >> this is for all the haters. >> reporter: the singer can take solace in his seven american music awards and the reported $55 million he made in the past year. for "cbs this morning," ben tracy, los angeles. ♪ as long as you love me >> who doesn't love "if i was your boyfriend." you know what i mean, nora. i can say hello, my name is gayle, i'm a believer. it doesn't make any sense to me. and he's on my ipod. it doesn't make any sense to me he wasn't nominated for one. go ahead, charlie, sing a couple of lines. go ahead, nora. >> gayle, when i first met you, i knew you were into the bieber fever. >> yes, i was. listen, i tried not to get smitten with him, but i saw the documentary "never say never." he's worked really hard. he's very talented. he's not some prefab character. he really isn't. now, i sit here >>> colorful foods may look pretty on your plate and >>> colorful foods may look pretty on your plate and may fight cancer, too. we'll look at a study tha
a letter of protest saying the union doesn't qualify as a peacemaker. >>> some called her the diana ross of mexican music. people are mourning the loss of jenni rivera. a 43-year-old singer and reality star died in a plane crash over the weekend along with everyone else on board. men who gave rivera her big break reflects on what her music meant to her fans. >> in mexico, she represents a lot of ladies that, they cannot talk loud. they cannot say their feelings, so the public feel represented by jenni rivera, but the letters, the lyrics of the songs. >> our senior latin american affairs editor, rafael romo, is here and rafael, tell us more about what her music meant to her fans and this was an extraordinary person. >> she had a very powerful voice, first of all, and i think her fans will remember her for empowering women. as our guest was saying just a few moments ago, but i think people will remember her for her ability to connect. she was as popular with mexican americans here in the united states, just as popular as she was in mexico. they called her dina and for anyone who called her
't get it. >> they believe. >> how strong are you, getting rick in at the end? >> how about ross to wear the dickey and nothing else? >> we treat interns so well, so incredibly well. >>> we'll chat with the cast of "les miserables" but first we'll look at some local news. >> this is wbal-tv 11 news today in baltimore. >> good morning. i am mindy basara. here is traffic pulse 11 and sarah caldwell. >> really busy at their thanks to the fog and drizzle under the accident on the east side -- outer loop traffic on the east side. on average, 17 miles per hour. pretty big backup on southbound 9-95 for mountain road to the 895 split. if you want to head south of harrisburg expressway, to mount carmel expect -- delays from padonia down to mount carmel. this delay extends back to greenspring all the way down to edmondson. 795, about a 24-minute travel time. you can see how heavy and foggy it is. tapping the brakes big-time all the way towards the beltway. southbound 795 out of owings mills in the red. lingering delays on 295 making a reports 32. that is the latest on traffic pulse 11. >> dog is s
of the year. ashley: sandra, thank you very much. breaking news, before the head of the imf dominates ross khan has reached a settlement. claiming attacked her in may of last year. details we're told will remain confidential and by the way, not in the courtroom are we are. >> collecting something. >> imagine the details are revealed. ashley: let's get back to the details, our next guest says it would go over the fiscal cliff at the end of the year, we are in for a big stock market. i like that. chief investment officer joins us now. thanks, hitting the market actually believes we will come to a deal. >> absolutely. you get this sense it doesn't really wants to sell off even with all this uncertainty with both sides going back and forth, are we talking, are we not talking. the market seems to be creeping higher, seems to be seen through what is traditional political rhetoric and grandstanding and recognizing a deal will be done. ashley: it is one thing to get a deal, one other thing to get a bad one. even though we did not follow the cliff, we are stuck with a lot of bad decisions. >> even
that name is still buying to be on your arm or your back or ross you decide but it. i remember being in a whole food store. she was 20 at most. she was wearing a look at top from 20 yards away you could read the tattoo that spread all across her chest. it read begin. huge global letters. it will never go away. whether or not she ever it's a stake or eight again. why mark yourself alive tonight why put an ugly blotch understand? by the way, over time most tattoos eventually start to look like a bruise. for some reason the urge to markers of has become fashionable on last 45 years, but i think that fashion has run its course. there must be a lot of people who would now love to get that ugly mark off. here's a business opportunity. , but the guaranteed tattoo removal technology and open a chain of tattoo removal parlors a sure-fire winner. i hate those things. ...so as you can seeico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is comput
with jeff henserling of texas. right now, let's bring in our coworkers, joe kernen and andrew ross sorkin. thank you. good to see you. >> good to see you, too. >> it wag something to see when we -- well, i'm not going to go into it. but we hugged it out. >> a big bro man. >> the only thing is, you weren't here, which made it bittersweet. >> we'll have her back tomorrow. >> we will. >> we'll see you tomorrow. we hope you had a good trip down on the amtrak. >> i did. >> hopefully you had the bison chili. >> no. there was no bison chili this time. it was steak or a shrimp pasta or -- >> really? >> yeah. >> i've had the shrimp pasta. >> i had the salad. >> i won't eat bison anywhere but on the amtrak. >> sound policy. >> we'll have more from becky and jim cramer will join her in d.c. for now, let's get up on the morning's top stories. the fed is hold ago two-day meeting in washington and a news conference by bernanke is set for tomorrow afternoon. operation twist expires at the end of this month. the central bank is expected to maintain its purchase of bonds with longer maturities. and we'll
" begins right now. >>> good morning, everyone. welcome to "squawk box" on nbc is. andrew ross sorkin is out today. we hope he's feeling better soon. >>> as we've been talk being the fiscal cliff this week, president obama and speaker boehner appear to be inching toward a deal. last night republicans announced plan b in case talks fail. they'll be moving to pass their own tax bill as a backup plan to avert the tax hikes. and the automatic budget cuts set to happen next month. it would extend low tax rates except on those with incomes of $1 million and above. president obama's latest position puts that threshold at $400,000. >> at this point, having a backup plan to make sure that as few american taxpayers are affected by this increase as possible. >> now no one expects that the gop bill will pass the democratic-controlled senate. in fact, harry reid said forget it, they're not going to be passing any of these things. but this is another option out this. and it does change the dynamics in terms of who's going to be blamed for raising taxes. we'll see how this plays out. >>> among our g
'm going to lose if i raise taxes. >> it's happened before. >> i also remember ross perot got 22% of the vote that time. >> you're saying that the threat to pull the plug on any representative who took the pledge is far greater than any desire to rise above. >> they like being members of congress. there's no doubt about that. >> they do, don't they. >> yes, they do. >> don't mention pumps. . >> when we come back this morning, a new report finds that exporting nat gas will actually help the u.s. economy, but not every day is a winner. >>> vice chairman alan blinder will tell us what he thinks. >>> a new study from the federal government shows exporting u.s. natural gas overseas has the potential to reshape the global energy markets. the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because t
.c. that event was hosted by conan o'brien and featured the legendary diana ross and psy, who was greeted by the president. the president did not attempt psy's signature dance, gangnam style. they were talking yesterday, but the president did suggest he thinks he can do it. he thinks he can do that dance. we're going to see if that actually ever happens. there was some controversy, however. psy apologizing on friday for anti-american rap performance he did eight years ago. it all seems to be patched up and worked out now. >>> also want to tell you about this extraordinary girl. she was living in one of the poorest places on earth, a slm in uganda. she discovered chess and turns out to a progidy. she inspired a documentary and book. fiona and her chess coach actually spoke with josh leves. >> before i discovered chess i was living in a hard life where he was sleeping on the streets and you didn't have anything to eat in the streets. so that's when i decided for my brother to get a couple for it, and that's when i started learning chess. >> because there was an area in which if you went and
're avoiding, the big one, are the entitlements and the spending. now ross lynn carter -- and this is so ironic, because in many ways president carter was probably one of the most dysfunctional presidents, or at least didn't have the efficacy to ever put together a record that was to be proud. but the first lady had one of my all-time favorite quotes and i've used it before. we're going to show it on the screen. a leader takes people where they want to go. a great leader takes people where they don't necessarily want to go, but ought to be. so let's go over this one more time. today we had senator warner on. and you know what, i really liked a couple things he said. because what he said was, is think outside the box. see, we need to get away from the blame game, get away from the red herring. he says, well, start a debt reduction sinking fund. i haven't heard that idea. there are many ideas, but the point is, is that the president has a legacy to protect. okay? many people, including, you know -- we had jim bianco on last week and were talking about where the leverage is, and it's unfortunate,
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